Oblong Q3 revenue falls to $0.9M; net loss narrows to $0.9M from $7.2M

TaoWeave, Inc.

2023-Q3 EPS reported -$1.58 revenue$2,866,000

Revenue $0.9M, down 25% YoY from $1.2M.
Net loss $0.9M, improved from $7.2M loss in Q3 2022.
Adjusted EBITDA loss $0.8M vs $1.4M loss a year ago.
Cash $6.8M, no debt; raised $6M in financing six months ago.
CEO cites operational focus, plans to partner with early-stage tech firms.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TaoWeave, Inc. reported the three and nine months ended September 30, 2023 results: revenue $0.9 million, net income Net loss of $0.9 million.

Period: the three and nine months ended September 30, 2023
Revenue: $0.9 million
Net income: Net loss of $0.9 million
Result: reported results

Exact text from the filing

that can redefine the marketplace." Third Quarter 2023 Financial Results • As of September 30, 2023, the Company had $6.8 million of cash and no debt. • Total revenue was $0.9 million for the third quarter of 2023 versus $1.2 million for the third quarter of 2022. • Net loss of $0.9 million for the third quarter of 2023, compared to a net loss of $7.2 million

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TaoWeave, Inc. filing history →

Source: SEC EDGAR

accession 0000746210-23-000116

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